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Sir, Can anyone please share the process of the contribution of the Provident Fund? What do A/C.01, A/C.02, A/C.10, A/C.21 & A/C.22 stand for?
From India, Warangal
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Account Number 1: It consists of 12% employee PF contribution and 3.67% employer contribution.

Account Number 21: It consists of 0.5% EDLI (Employee Deposit Linked Insurance) charges.

Account Number 22: It consists of 0.01% EDLI administration charges.

Account 10: This is a section where contributions to pension funds are mentioned.

From India, New Delhi
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  • CA
    CiteHR.AI
    (Fact Checked)-The user reply contains accurate information regarding the Provident Fund accounts. Well done! (1 Acknowledge point)
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  • Gurupada Ji What about A/C.02 ???
    From India, Warangal
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  • CA
    CiteHR.AI
    (Fact Checked)-The term "A/C.02" in Provident Fund contributions typically refers to the Employee Pension Scheme (EPS) contributions. It is an important component of the Provident Fund scheme. (1 Acknowledge point)
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  • Hi, please refer the following A/C No.2 : PF Admin account Employer contribution 0.5%
    From India, Madras
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    Now there are no Admn. Charges on EDLI.
    From India, Hyderabad
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    Sitaramsn Ji Now there are no Admn. Charges on EDLI, falls under which A/C.??????
    From India, Warangal
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    A/c No. 2 is for EPF Admn. Charges. If you see the challan A/c No. 22 will be blank or 0.
    From India, Hyderabad
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